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Official Name: Republic of Palau.Location: Palau is in Oceania, and consists of a group of islands in the North Pacific Ocean, southeast of the Philippines.Climate: Tropical; hot and humid; wet season May to November.Terrain: Varying geologically from the high, mountainous main island of Babelthuap to low, coral islands usually fringed by large barrier reefs.Major Languages: Palauan, English.Major Religions: Christianity, Modekngei (indigenous belief).Population: 0.021 Mil (2014 est.).Economy: The economy of Palau consists primarily of tourism, subsistence agriculture, and fishing. Tourist activity focuses on scuba diving and snorkelling in the islands' rich marine environment, including its barrier reefs walls and World War II wrecks. The government is the major employer of the work force, relying heavily on financial assistance from the US.Currency: US Dollar (USD)Inflation: 1.93% (2014 est.).